DOW Tops 30,000 for the first time ever

[bjl584]

So this happened today.

[james.hendrickson]

[ua_guy]

For a lot of reasons, that's good. I would agree with those who say the market is forward-looking, although, perhaps out of touch with reality right now on the ground with no stimulus deal, and a lot of uncertainty about how covid losses are going to shake out with unemployment, the housing market, etc.. Holiday retail sales have a huge impact and I am wondering what's going to happen there. I still see this as irrational, but, it makes for a good looking portfolio in the moment.

[disneysteve]

For a lot of reasons, that's good. I would agree with those who say the market is forward-looking, although, perhaps out of touch with reality right now on the ground with no stimulus deal, and a lot of uncertainty about how covid losses are going to shake out with unemployment, the housing market, etc.. Holiday retail sales have a huge impact and I am wondering what's going to happen there. I still see this as irrational, but, it makes for a good looking portfolio in the moment.

Certainly lots of things influencing the market. Hopes for a Covid vaccine to hit the market in the next couple of months. The current administration finally accepting reality and authorizing the Biden transition to formally begin. Biden naming some well-respected people to his team including Janet Yellen to head Treasury. The housing market is on fire. Air travel, unfortunately, is hitting the highest volume since March. The holiday shopping season is underway. For a forward-looking measure, I can certainly see a lot of cause for positivity.

[Singuy]

Even though unemployment is rampant in certain sectors..lots and lots of money was shaken out from those sectors.

Those who choose not spending their paychecks at the bar and travel ends up buying buying buying. Everything is flying off store shelves. Toys, gadgets, gaming hardware, computers, bicycles, even thousand dollar telescopes! So the market is reflecting some of this as companies are making record profits and cannot keep up with demand. AMD for example couldn't keep any of their newest hardware in stock like their newest graphics card, cpu, and game consoles. In fact everything is selling out in SECONDS. So yeah AMC, cruise line, and bars may be suffering...but don't underestimate just how much free cash people have laying around once they stop pissing it away at a local bar every Friday night.